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Self Study Guide to 
INDIRECT TAXES 
CENTRAL EXCISE, SERVICE TAX, CUSTOMS & 
FOREIGN TRADE POLICY  
For 
C.A./CMA/CS/MBA 
   
By 
CA Ravi Kumar Somani 
   
      
Third Edition   
     
 
  
 ASIA LAW HOUSE 
  
  
  
 
 
H Y D E R A B A D    
Applicable for 
Nov. 2016 onwards
[Asia Law House +91 40 24742324]     For CA - Final N ov 2016 Attempt 
www.cabooksonline.com/www.amazon.in     Amended upto April 2016 
Published by 
S.P. GOGIA (H.U.F.) 
C/o ASIA LAW HOUSE 
•  Opp.  High  Court,  Hyderabad-2,  Phs.  040-24526212, 24566212;  Fax:  24564007 
•  Bank  Street,  Koti,  Hyderabad-95.  Phs.  040-24742324,  24608000;  Fax:  24607999 
  E-mail: asialaw@hotmail.com; asialawhouse09@gmail. com   www.asialawhouse.com 
 
 
3rd Edition 2016 
 
 
 
 
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exclusively  with  the  publishers.  No  part  of  this  book  may  be  reproduced  or  Copied  in  any 
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Copies available with all law booksellers throughou t India. 
 
 Note:–   Due  care  has  been  taken  while  publishing  this  book ,  but  the  Author,  Publisher  and  Printers 
are  not  responsible  in  any  manner  for  any  mistake  that  may  have  inadvertently  crept  in.    In 
case  of  doubts  the  reader  shall  cross-check  the  con tents  with  original  Government 
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[Asia Law House +91 40 24742324]     For CA - Final N ov 2016 Attempt 
www.cabooksonline.com/www.amazon.in     Amended upto April 2016 
PREFACE 
   
Dear friends,  
It  gives  me  immense  pleasure  to  present  the  thoroughly  revised  and  updated  third 
edition  of  this  book  “Self  Study  Guide  to  Indirect  Taxes”  aiming  to  simplify  the 
complicated subject and present in the lucid manner  for ease of understanding. 
As  they  say,  “The  pursuit  of  any  creativity  starts  with  Innocence”  so  I  put  forward 
this  creative  piece  for  all  the  readers  which  has  i ndeed  been  a  result  of  a  very 
humble beginning. 
This  book  would  not  have  been  a  reality  without  the   blessings  of  God,  my  Parents, 
un-ending support of my wife, my siblings  & my frie nds. Of  course, the ideology to 
deliver something simple yet qualitative for the re aders has been an immense drive. 
At  this  juncture,  I  would  like  to  thank  with  lot  of   gratitude  to  my  Guru  CA  Sudhir 
V.S.,  who  has  been  my  mentor  and  shown  me  the  path  of  attaining  highest 
professional  attributes  while  upkeeping  the  values  of  ethics  &  integrity.    Also,  this 
book would not have been a reality without the acce ptance and support of Mr. Sunil 
Gogia and Mr.Arun Gogia of Asia Law House. 
Although,  endeavour  has  been  made  to  make  this  book   error  free,  yet  mistakes 
might have crept in for which I am apologetic. 
I  look  forward  to  the readers  for  the  suggestions,  criticism  and  feedback  to  improve 
the  contents  of  the  book.  Readers  may  post  their  su ggestions,  grievances,  ciriticism, 
feedback & queries by e-mail to ravi.somani03@gmail .com. 
16
th May, 2016  – CA Ravi Kumar Somani 
  (Author) 
—x—
[Asia Law House +91 40 24742324]     For CA - Final N ov 2016 Attempt 
www.cabooksonline.com/www.amazon.in     Amended upto April 2016 
ABOUT THE BOOK 
 
The  book  is  designed  to  help  read  the  complex  provi sions  of  Indirect  Taxes  in  a 
simplified manner. Various key attributes of this b ook Includes: